The Nuts and Bolts of Tax Penalties: A Practical Guide
As the number of tax evasion or tax fraud cases continues to rise, the Internal Revenue Service (IRS) also intensifies its efforts to aggressively enforce civil and criminal tax penalties against violators.
To avoid eventual financial loss and reputational damages, it is important for taxpayers and their legal and accounting advisors to understand what commonly triggers a penalty assessment and criminal prosecution. They should also keep themselves abreast of the relevant standards and procedures involving tax penalties.
In this LIVE Webcast, a panel of thought leaders and professionals brought together by The Knowledge Group will provide to the audience an in-depth analysis of the standards, procedures and defenses involving civil and criminal tax penalties. Speakers among other things will present trends and developments surrounding this significant topic. They will also present key compliance strategies and practical tips to avoid common risks and pitfalls.
Key topics include:
- Civil and Criminal Tax Penalties: Legal Framework
- Standards, Procedures and Defenses
- Significant Trends and Expected Developments in 2019 and Beyond
- Common Risks and Pitfalls
- Compliance Strategies
Benjamin Tompkins, Attorney
Graves Garrett LLC
Kathleen A. Agbayani, Of Counsel
Baker & McKenzie LLP
- Common civil tax penalties (including FBAR, return preparer penalties and employment taxes) – I assume some of this will be covered by Kathleen as well;
- Ways to challenge penalties in U.S. District and Bankruptcy Courts (may expand to Tax Court but this may be covered Kathleen);
- Defenses to civil tax penalties after assessment; and
- Emerging issues / developments (IRS civil litigation enforcement trends and case updates).
Evan Davis, Principal
Hochman Salkin Rettig Toscher & Perez, P.C.
- Statutes most commonly charged
- Why is this a criminal, not civil case?
- Defenses/how can we stop this investigation?
- Emerging issues
- Criminal penalties – Guidelines, Restitution, FBAR
Who Should Attend:
- Tax Practitioners and Professionals
- Tax Advisers
- Tax Directors
- Tax Managers
- Tax Attorneys
- Tax Consultants
- Tax Compliance Officers
- Tax Accountants
Evan J. Davis is a principal at the Beverly Hills tax boutique Hochman Salkin Rettig Toscher & Perez, P.C., who represents individuals and closely-held entities in criminal tax investigations and prosecutions including foreign-account cases, civil tax controversy and litigation, and federal and state white collar criminal investigations. Immediately before joining Hochman Salkin, Evan spent nearly 20 years as a federal tax and white collar prosecutor and civil tax litigator first in the Department of Justice Tax Division and then in the Central District of California in Los Angeles. He has extensive civil and criminal trial experience. Evan is a graduate of Cornell Law School and Colgate University.
Evan J. Davis is a principal at the Beverly Hills tax boutique Hochman Salkin Rettig Toscher & Perez, P.C., who …
Ben Tompkins works closely with individuals and companies, providing guidance and counsel in all aspects of civil and criminal litigation, as well as providing counsel to exempt organizations and individuals concerning formation, operation and other governance issues. Ben focuses on civil and criminal tax controversies, white collar criminal defense, internal investigations and corporate compliance and has extensive experience successfully defending clients in all types of complex litigation in federal and state courts. Prior to joining Graves Garrett, Ben spent more than a decade working as an Assistant United States Attorney in Los Angeles and Department of Justice Tax Division Trial Attorney in Washington, D.C. Ben draws on his comprehensive experience leading civil and criminal tax prosecutions and investigations to provide clients with valuable insights and practical strategies to help them with their legal issues.
Ben Tompkins works closely with individuals and companies, providing guidance and counsel in all aspects of civil and criminal litigation, …
Kathleen Agbayani is Of Counsel in the North American Tax Practice Group. She concentrates her practice on all aspects of federal tax controveries and tax compliance. She represents clients in all stages of proceedings before the Internal Revenue Service, including audits, appeals, collections, and litigation. Ms. Agbayani has extensive experience in advising clients on issues regarding the Internal Revenue Service’s Offshore Voluntary Disclosure Program and Streamlined Filing Compliance Procedures, foreign bank account reporting (FBAR) obligations,and the Foreign Account Tax Compliance Act (FATCA). She has represented hundres of U.S. taxpayers with undisclosed offshore bank accounts and assets. She has published articles regarding voluntary disclosures and speaks frequently on this topic. She also advises high net worth individuals on international tax planning.
Kathleen Agbayani is Of Counsel in the North American Tax Practice Group. She concentrates her practice on all aspects of …
Print and review course materials
Method of Presentation:
Basic knowledge of tax laws
NY Category of CLE Credit:
Areas of Professional Practice
NASBA Field of Study:
Unlock All The Knowledge and Credit You Need
Leading Provider of Online Continuing Education
It's As Easy as 1, 2, 3
Get Your 1-Year All Access Pass For Only $199
About Hochman Salkin Rettig Toscher & Perez, P.C.
HOCHMAN, SALKIN, RETTIG, TOSCHER & PEREZ, P.C., enjoys an unparalleled reputation for excellence and integrity in the tax community. For more than 55 years, the firm has been serving clients throughout the United States with federal and state civil tax litigation, defense of criminal tax prosecutions, all forms of tax disputes with the federal, state and local taxing authorities, white collar criminal defense, estate and business planning, and business transactions.
About Graves Garrett LLC
Graves Garrett represents businesses and individuals nationwide in commercial and business litigation, white collar criminal defense litigation, and free speech and election law, as well as corporate compliance, internal investigations, False Claims Act matters and tax controversies.
The firm offers comprehensive and creative solutions to complex legal problems along with unparalleled client service and a true commitment to obtaining the best result possible. For more information, please visit www.gravesgarrett.com.
About Baker & McKenzie LLP
Baker McKenzie has provided sophisticated legal advice and services to many of the world's most dynamic and global organizations since our founding in 1949. With a network of more than 4,200+ locally qualified, internationally experienced lawyers in 77 offices worldwide and 47 countries, Baker McKenzie has the knowledge and resources to deliver the broad scope of quality legal services required to respond effectively to international and local needs -- consistently, confidently, and with sensitivity for cultural, social, and legal practice differences.
Baker McKenzie’s 10,000+ lawyers, supporting professionals, and staff are citizens of more than 60 countries. Baker McKenzie’s professionals are admitted to practice in nearly 250 jurisdictions and have been educated at more than 1,200 institutions, including nearly all of the world's leading law schools.